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The company plans to sell 7.9 million shares of common stock at $16 per share through its initial public offering.

The expected gross proceeds are more than double what the firm proposed as its original goal for the offering when it filed plans to list its shares in September.

The firm hasn't yet specified how many shares it is offering or at what price but noted that its stock would trade under the Nasdaq symbol TWST.

The company said it plans to list its stock on the Nasdaq under the ticker symbol GH.

The company's offering of 3.36 million units at $6.125 per unit — each consisting of one share of common stock and one warrant — is expected to close Aug. 23.

The company plans to offer nearly 2.5 million units at a price of $6.00 to $7.00 per unit, which at the midpoint of the range would raise about $16 million.

The center is an international joint venture established in 2013 between South Korean clinical lab Eone Life Science and California-based Diagnomics.

In 2017, Bionano had $9.5 million in revenues and a net loss of 23.4 million, or $7.66 per share.

The newly independent firm will continue to invest in diagnostics by bringing its menu of PCR tests for infectious diseases to the US and other markets, among other objectives.

The firm said it will use the net proceeds for R&D, including the continued development of its Acuitas AMR gene panels.

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